Agricultural powerhouse Brazil is desperate for fertilizers. Belarus, a sanctioned regime friendly to Russia’s Vladimir Putin, is looking for ways to ship more of the nutrients.
Belarusian President Alexander Lukashenko gave his stamp of approval to small companies trying to export potash to cash in on skyrocketing fertilizer prices. But the U.S. and the EU banned the country’s shipments of the nutrient, leaving Brazilian farmers scrambling. To secure enough potash for the soybean planting in September, Brazil may need to resort to barter or using yuan and Chinese intermediary.